budget deficit

Serbia’s 2026 Deficit Target Faces Pressure From Transfers, Fuel Taxes and Investment

Serbia’s revised 2026 budget deficit target of 3.5% of GDP is facing additional pressure from cash transfers, lower fuel-excise revenue and increased public investment. The budget revision raised the planned shortfall from 3.0% to 3.5% of GDP, bringing the projected deficit to RSD 396 billion, or approximately €3.4 billion. The revised plan added around RSD 59 billion, equivalent to about €504 million, to the original deficit target. Cash transfers increase budget expenditure The government allocated RSD 50 billion, or approximately…